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Harnischfeger Corp, a Milwaukee based company, produces construction and mining equipment. ... Harnischfeger capitalized on the strong economy of the 70s by growing revenues from $250 million to $644 million over a 7-year period. However, difficult times soon burst the growth bubble as the recession of the early 1980s reduced the demand for Harnischfeger products significantly. ...
Due to the economic slow down Harnischfeger defaulted on the most restrictive provisions of the loan agreements. ... 75, Harnischfeger was forced to enter negotiations with its creditors to restructure its debt.
Harnischfeger implemented a four pronged plan to help the failing company refocus and become profitable again.
Approximate Word count = 479
Approximate Pages = 1.9
(250 words per page double spaced)
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